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IDTechEx: EV market doubles down on permanent magnets despite material costs

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This has been especially true for the rare earth materials used in the manufacturing of electric motors for electric vehicles (EVs). The price of neodymium has remained fairly constant from 2013-2020, but 2022 saw a very sharp rise to its peak in February at 3.8 times higher than it was between 2013-2020. IDTechEx Outlook.

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Tesla shipped 6,892 Model S units in Q4 2013, 22,477 full year; battery Gigafactory announcement next week

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Tesla Motors announced record deliveries of 6,892 Model S vehicles worldwide in the fourth quarter of 2013, with 22,477 vehicles in the full year. GAAP net loss per share for the quarter ending 30 Sep 2013 was $(0.32), and for Q4 of 2012, $(0.79). In 2013, Tesla pulled in almost $2.5 on a non-GAAP basis and 25.8%

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DOE launches Clean Energy Manufacturing Initiative; awards $23.5M to 5 more manufacturing R&D projects

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The US Department of Energy (DOE) launched the Clean Energy Manufacturing Initiative (CEMI), which will focus on growing US manufacturing of clean energy products and boosting US competitiveness through major improvements in manufacturing energy productivity. Clean Energy Manufacturing Initiative. Earlier post.)

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BNEF study concludes overcapacity will lower Li-ion battery prices but make life difficult for smaller manufacturers

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The total worldwide manufacturing capacity of lithium-ion batteries for electric vehicles will greatly exceed supply unless demand by automakers increases significantly in the short-term, according to new research by Bloomberg New Energy Finance (BNEF). As a result of the overcapacity, battery prices are poised to fall.

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Study finds technology cost of achieving European 2020 LDV CO2 targets more than offset by resultant fuel savings

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A report published by Cambridge Econometrics and Ricardo-AEA concludes that overall, the cost of technologies required to meet proposed European 2020 CO 2 regulations for vehicles (95 g/km for cars and 147 g/km for vans) will be more than offset by the resultant fuel savings. Source: Cambridge Econometrics.Click to enlarge.

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DOE awarding $22 million for algal fuel and biomass feedstock supply chain projects

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US Energy Secretary Ernest Moniz announced more than $22 million in new investments to help develop cost-competitive algae fuels and streamline the biomass feedstock supply chain for advanced biofuels. Moniz was speaking at the US Department of Energy’s (DOE’s) Biomass 2013 conference. Nearly $16.5

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GM and Honda to establish industry-first $85M joint fuel cell system manufacturing operation in Michigan

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General Motors and Honda are establishing the auto industry’s first manufacturing joint venture—Fuel Cell System Manufacturing, LLC, FCSM)—to mass-produce an advanced hydrogen fuel cell system that will be used in future products from each company. The result is a lower-cost system that is a fraction of the size and mass.

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